Evoke (LON:EVOK) Trading Down 18.3% After Analyst Downgrade

Evoke plc (LON:EVOK) was down 18.3% during trading on Thursday after Berenberg Bank downgraded the stock to a hold rating. Berenberg Bank now has a GBX 35 price target on the stock, down from their previous price target of GBX 95. Evoke traded as low as GBX 28.95 and last traded at GBX 30.55. Approximately 13,659,472 shares changed hands during mid-day trading, an increase of 441% from the average daily volume of 2,525,340 shares. The stock had previously closed at GBX 37.40.

A number of other research firms have also issued reports on EVOK. JPMorgan Chase & Co. reduced their target price on shares of Evoke from GBX 82 to GBX 66 and set a “neutral” rating on the stock in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Evoke from GBX 88 to GBX 108 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Evoke presently has a consensus rating of “Moderate Buy” and an average price target of GBX 87.25.

Evoke Trading Down 9.6%

The firm’s fifty day simple moving average is GBX 42.33 and its 200 day simple moving average is GBX 53.93. The company has a market cap of £119.17 million, a price-to-earnings ratio of -1.06 and a beta of 0.84.

Evoke Company Profile